Publicly Traded Nonbanks Post Earnings Gain for 3Q17 – Thanks to PennyMac November 21, 2017 John Bancroft Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…Read More
3Q17 Results: Third-Party Lenders Gained Market Share in a Purchase-Heavy World November 21, 2017 John Bancroft In the broker channel, United Wholesale Mortgage once again dominated…Read More
A Strong October for Freddie, GSE Takes Market Share from Fannie November 20, 2017 John Bancroft Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.Read More
GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace November 20, 2017 John Bancroft This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...Read More
Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17 November 16, 2017 John Bancroft Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...Read More
Mortgage REITs Boost Residential MBS Holdings in 3Q17 November 16, 2017 John Bancroft MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…Read More
Correspondent Share of FHA Loans Nears the 49 Percent Mark November 14, 2017 John Bancroft Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…Read More
Surprise: CMBS Has its Best Issuance Quarter Since 2Q08 November 10, 2017 John Bancroft Fannie, Freddie and Ginnie continued to dominate multifamily activity… Read More
Private MIs Gained Ground in 3Q17, but VA Shined the Most November 9, 2017 John Bancroft Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…Read More
Retail Still the Largest Source of Agency Loans November 7, 2017 John Bancroft Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.Read More